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We offer a range of competitive Sterling only Term Deposit Accounts for periods of 3, 6, 12, 24, 36 and 60 months.
Key features:
- Guaranteed interest rate if held for the full term
- Rates vary dependent on your chosen term
- A minimum deposit of £10,000 is required
- Rates for deposits above £5,000,000 are available on request
- Option of monthly or annual interest
- Withdrawals cannot be made during the term, unless it is for the full balance and then you must pay an early repayment charge (minimum £30)
- No additional payments can be made to the Term Deposit Account during the term
Maturity:
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We will write to you 28 days before maturity
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Unless otherwise notified three days before maturity, we will automatically rollover your deposit for a term equal to the previous term of your deposit
Interest:
- Fixed interest rate
- Interest is calculated daily
- Interest can be paid monthly, annually or at maturity into a nominated account
- Interest cannot be paid into the Term Deposit Account except on the maturity date of the deposit
Terms and Conditions applicable to this account.
For the terms available and the interest rates offered, please call us on +44 (0) 1481 711102, Monday to Friday, 9.00am-5.00pm. For your security, calls may be monitored or recorded.
During the fixed term, you can only make one withdrawal of the full amount, including any accrued interest. For early withdrawal, 5 business days notice must be provided. Such a withdrawal will be subject to an early repayment charge the amount of which is dependent on the number of days to Maturity. The charge will be deducted from any accrued interest, but where there is insufficient accrued interest to meet the charge in full, any additional sum will be deducted from the capital in the account. If early repayment is requested then the stated interest will not be achieved.
Gross rate quoted is based on interest being calculated daily on the cleared credit balance and credited to the account annually and at maturity, or (if any) when the account is closed, if earlier. The gross rate of interest is the rate payable before taking into account any deduction of tax. If you are an EU resident individual, interest will be subject to retention tax unless you advise us that you wish us to exchange information regarding the interest with your relevant tax authority, in which case the interest will be paid gross. If you are not an EU resident individual, interest will be paid gross. AER. Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.
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